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Moon Kil Woong is a
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Apparently the Treasury and Fed think making garbage zombie public companies that aren't public is better than letting them go bankrupt and cleaning up the mess. Now Fannie and Freddie are about to be used to give crap loans to people who otherwise couldn't afford them at 4.5% backed by Federal government incentives and guarantees.
Dec 04 02:54 am
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All Comments by Moon Kil Woong »Big Stocks Under a Buck [View article]
I'm scratching my head at this one. Didn't we do this already? Ummm, isn't this what caused the current crisis. Will Paulson and Bernake get their heads out of that dark place I won't name.
Well the article should have been companies that may be trading at $1. I can think of a few. Anyone asking or getting government funds. Your companies are dead even if they are still walking. How about GM, AIG, and all the student loan companies to start.